The 140th China Import and Export Fair (Canton Fair) reached the key milestone of its 70-day countdown on Aug 6. As the only financial institution to have served the Canton Fair for seven decades, Bank of China officially kicked off its Canton Fair financial service campaign. This campaign extends BOC's service cycle and supports exhibitors and buyers in securing orders and exploring markets with greater resolve, more concrete measures, and higher-quality services.

Drawing on its global network spanning 64 countries and regions, along with its professional expertise in trade-related scenarios, BOC has long provided comprehensive service support for participants in global trade fairs. For this campaign, centered on the practical operational needs of exhibitors and buyers, BOC has upgraded and developed seven service scenarios: smooth financing chains, accelerated settlements, enterprise-friendly account services, global operation support, exchange-rate risk hedging, comprehensive guarantees, and premium experiences.

Smooth financing chains: Integrating diversified financial instruments including trade financing and credit facilities, BOC has innovatively developed a multi-dimensional credit evaluation mechanism for micro, small and medium-sized enterprises based on import-export data, booth qualifications, and Canton Fair Design Awards (CF Awards), providing high-speed channels for full-cycle capital financing.

Accelerated settlements: Cross-border settlement and remittance workflows are optimized with intelligent processing tools, while tailored online receipt-and-payment solutions for new forms of foreign trade help cut costs and improve efficiency in trade capital flows.

Enterprise‑friendly account services: BOC has upgraded its three-tier account opening services and implemented multiple fee-waiver policies, supported by global cash management and integrated online services to underpin enterprises' domestic and overseas operations.

Global operation support: BOC has established a one-stop integrated service solution to support enterprises going global, covering intelligent integration, financing, settlement, and value-added services throughout the entire process. 

Leveraging its global network, BOC offers a comprehensive suite of services including overseas account opening, policy interpretation, legal and tax consultancy, as well as supply chain facilitation, resolving the challenges and obstacles that enterprises face.

Exchange-rate risk hedging: Priority is given to exchange-rate risk management. With professional hedging instruments such as forward foreign exchange settlement and sale as well as foreign exchange options, BOC provides targeted risk-hedging solutions and differentiated quotation services, helping enterprises cushion against market volatility and lock in operating returns.

Comprehensive guarantees: BOC provides cargo transportation insurance, credit guarantee insurance, and a full-scenario guarantee service covering trade performance, customs duty guarantees, and more, complemented by cross-border compliance advisory services, to support the sound and steady operation of enterprises.

Premium experiences: Focused on convenience for domestic and overseas merchants attending the event, BOC leverages its BOC Compass app and multilingual services to provide channels for e-CNY applications, foreign currency exchange, emergency quick-exchange services, and one-stop lifestyle services, delivering a carefree experience at the fair.

Leveraging its global expertise and comprehensive services, BOC will continue to improve its cross-border financial service offerings, boost economic and trade cooperation between Chinese and foreign enterprises, help global business players seize the opportunities China has to offer, and join hands with all parties to create a better future.